Galapagos Rockford Charter School NFP Inc

Analysis

Galapagos Rockford Charter School NFP Inc is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Galapagos Rockford Charter School NFP Inc reported income of $7.4m and spending of $6.3m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.5m to $7.4m (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Galapagos Rockford Charter School NFP Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Brazos Christian School Inc ($7.4m), Lewis Clark Early Childhood Program Inc ($7.4m) and Steppingstone Foundation Inc ($7.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $298k (4.7% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $9.2m against liabilities of $1.4m, net assets of $7.8m. It reported 96 employees.